The Governance You Choose: Bitcoin Unlimited’s “Articles of Federation”

Does “decentralized” mean no governance? Does “governance” necessarily bring centralization? Is there such a thing as no governance in the first place? Explore these questions with the written policies of Bitcoin Unlimited (BU). BU is an alternative reference client to Bitcoin Core for nodes and miners to use.

12 COMMENTS

All this statist wording about who's in charge for the new Bitcoin client. None of this sounds decentralized. Do you know if blockchain.info is adopting the unlimited client. Non profit? Government entity, no thanks! This is incentivizing me to stay away from unlimited. If the block sized is increased, won't that make it harder for miners, needing more powerful computing power etc. Will they be forced to join new pools based off of who can afford the new mining equipment? This is all funky! But I dig it! Maybe I will just use another crypto currency. Do you know a code I can put on my website that will mine a currency for me while someone is visiting your site, using their processing power? Bitcoin used to be like this.﻿

Hash power for votes is absurdly anti-democratic. The project is definitely moving in the right direction, but It'll still never work. You need unique identifiers, or at the very least a system of non-financial and non-tradable political reputation, for any of this to succeed.﻿